The American Empire in a Changing World


Tuesday, November 20, 2012

Reuters 'Special Report: ''How gaming Libor became business as usual''

From Reuters

''In late 1996, Marcy Engel, then a lawyer for Wall Street heavyweight Salomon Brothers Inc, fired off a warning letter to U.S. regulators: If they approved a Chicago Mercantile Exchange plan to change how a popular futures contract was priced, they would put at risk the integrity of a key interest rate in the global financial system.''

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